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- W4245394471 abstract "This chapter addresses the preparation and presentation of financial statements of individuals or groups of related individuals (i.e., families). Personal financial statements are generally prepared to organize and plan an individual's financial affairs on a more formal basis. Specific purposes that might require the preparation of personal financial statements include: Obtaining credit, Income tax planning, Retirement planning, Gift and estate planning, or Public disclosure of financial affairs for public officials and candidates for public office. Estimated current values of assets and liabilities are almost always specified for use in the preparation of personal financial statements because this information is more relevant to users than historical cost." @default.
- W4245394471 created "2022-05-12" @default.
- W4245394471 date "2020-01-21" @default.
- W4245394471 modified "2023-10-18" @default.
- W4245394471 title "ASC 274 PERSONAL FINANCIAL STATEMENTS" @default.
- W4245394471 doi "https://doi.org/10.1002/9781119652663.ch13" @default.
- W4245394471 hasPublicationYear "2020" @default.
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